CorTrust Acquiring First Minnesota Bank

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MITCHELL, S.D. (AP) — CorTrust Bank is expanding its footprint in Minnesota.

The Mitchell-based bank, with 22 locations in eastern South Dakota, is buying First Minnesota Bank, which has assets of $347 million.

That will increase CorTrust locations in Minnesota from four to 15 branches and give it a combined asset of $1.2 billion.

The purchase price was not disclosed.

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